SCANTRAX: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
SCANTRAX
Largest movements
- Stocks and contracts -€98,863
down €98,863 (-5.2%), from €1.9m to €1.8m
- Receivables within one year +€56,978
up €56,978 (+19.4%), from €293,484 to €350,462
of which Trade receivables: +€57,444
- Tangible fixed assets -€42,970
down €42,970 (-12.3%), from €348,115 to €305,145
of which Land and buildings: -€37,219
- Profit (loss) carried forward -€87,998
down €87,998 (-42.9%), from €205,208 to €117,210
- Trade debts -€52,057
down €52,057 (-34.0%), from €152,924 to €100,867
- Short-term financial debts +€50,000
up €50,000 (+9.1%), from €550,000 to €600,000
- Other debts -€28,500
down €28,500 (-77.2%), from €36,900 to €8,400
- Debts after one year -€26,834
down €26,834 (-2.4%), from €1.1m to €1.1m
of which Other amounts payable: -€26,834
- Financial charges -€19,992
down €19,992 (-40.1%), from €49,836 to €29,844
- Gross operating margin -€14,226
down €14,226 (-24.3%), from €58,601 to €44,375
- Depreciation -€3,945
down €3,945 (-15.1%), from €26,077 to €22,132
- Other operating charges -€2,180
down €2,180 (-20.9%), from €10,433 to €8,253
- Staff costs -€1,111
down €1,111 (-2.1%), from €52,167 to €51,056
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,597,363 | €2,497,637 | -€99,726 | -3.8% |
| Fixed assets | 21/28 | €350,665 | €308,695 | -€41,970 | -12.0% |
| Tangible fixed assets | 22/27 | €348,115 | €305,145 | -€42,970 | -12.3% |
| Land and buildings | 22 | €246,450 | €209,231 | -€37,219 | -15.1% |
| Plant, machinery and equipment | 23 | €11,185 | €5,434 | -€5,751 | -51.4% |
| Other tangible fixed assets | 26 | €90,480 | €90,480 | = | 0.0% |
| Financial fixed assets | 28 | €2,550 | €3,550 | +€1,000 | +39.2% |
| Current assets | 29/58 | €2,246,698 | €2,188,942 | -€57,756 | -2.6% |
| Stocks and contracts in progress | 3 | €1,890,689 | €1,791,826 | -€98,863 | -5.2% |
| Stocks | 30/36 | €1,890,689 | €1,791,826 | -€98,863 | -5.2% |
| Amounts receivable within one year | 40/41 | €293,484 | €350,462 | +€56,978 | +19.4% |
| Trade receivables | 40 | €272,927 | €330,371 | +€57,444 | +21.0% |
| Other amounts receivable | 41 | €20,557 | €20,091 | -€466 | -2.3% |
| Cash at bank and in hand | 54/58 | €56,394 | €41,660 | -€14,734 | -26.1% |
| Deferred charges and accrued income | 490/1 | €6,131 | €4,994 | -€1,137 | -18.5% |
| Total equity and liabilities | 10/49 | €2,597,363 | €2,497,637 | -€99,726 | -3.8% |
| Equity | 10/15 | €684,287 | €596,289 | -€87,998 | -12.9% |
| Contributions | 10/11 | €438,350 | €438,350 | = | 0.0% |
| Capital | 10 | €356,400 | €356,400 | = | 0.0% |
| Issued capital | 100 | €356,400 | €356,400 | = | 0.0% |
| Contributions outside capital | 11 | €81,950 | €81,950 | = | 0.0% |
| Share premium | 1100/10 | €81,950 | €81,950 | = | 0.0% |
| Reserves | 13 | €40,729 | €40,729 | = | 0.0% |
| Non-distributable reserves | 130/1 | €35,640 | €35,640 | = | 0.0% |
| Legal reserve | 130 | €35,640 | €35,640 | = | 0.0% |
| Distributable reserves | 133 | €5,089 | €5,089 | = | 0.0% |
| Profit (loss) carried forward | 14 | €205,208 | €117,210 | -€87,998 | -42.9% |
| Amounts payable | 17/49 | €1,913,076 | €1,901,348 | -€11,728 | -0.6% |
| Amounts payable after more than one year | 17 | €1,133,014 | €1,106,180 | -€26,834 | -2.4% |
| Financial debts | 170/4 | €800,000 | €800,000 | = | 0.0% |
| Other amounts payable | 178/9 | €333,014 | €306,180 | -€26,834 | -8.1% |
| Amounts payable within one year | 42/48 | €771,437 | €763,294 | -€8,143 | -1.1% |
| Financial debts | 43 | €550,000 | €600,000 | +€50,000 | +9.1% |
| Credit institutions | 430/8 | €550,000 | €600,000 | +€50,000 | +9.1% |
| Trade debts | 44 | €152,924 | €100,867 | -€52,057 | -34.0% |
| Suppliers | 440/4 | €152,924 | €100,867 | -€52,057 | -34.0% |
| Advances received on contracts in progress | 46 | €10,334 | €29,519 | +€19,185 | +186% |
| Taxes, remuneration and social security | 45 | €21,279 | €24,508 | +€3,229 | +15.2% |
| Taxes | 450/3 | €12,110 | €10,386 | -€1,724 | -14.2% |
| Remuneration and social security | 454/9 | €9,169 | €14,122 | +€4,953 | +54.0% |
| Other amounts payable | 47/48 | €36,900 | €8,400 | -€28,500 | -77.2% |
| Accrued charges and deferred income | 492/3 | €8,625 | €31,874 | +€23,249 | +270% |
| Non-recurring operating income | 76A | €1,568 | €855 | -€713 | -45.5% |
| Remuneration, social security and pensions | 62 | €52,167 | €51,056 | -€1,111 | -2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,077 | €22,132 | -€3,945 | -15.1% |
| Other operating charges | 640/8 | €10,433 | €8,253 | -€2,180 | -20.9% |
| Non-recurring operating charges | 66A | €3,306 | €20,838 | +€17,532 | +530% |
| Gross operating margin | 9900 | €58,601 | €44,375 | -€14,226 | -24.3% |
| Operating profit (loss) | 9901 | -€33,382 | -€57,904 | -€24,522 | -73.5% |
| Financial income | 75/76B | €4 | €8 | +€4 | +100% |
| Recurring financial income | 75 | €4 | €8 | +€4 | +100% |
| Financial charges | 65/66B | €49,836 | €29,844 | -€19,992 | -40.1% |
| Recurring financial charges | 65 | €49,836 | €29,844 | -€19,992 | -40.1% |
| Profit (loss) for the period before taxes | 9903 | -€83,214 | -€87,740 | -€4,526 | -5.4% |
| Income taxes | 67/77 | €264 | €258 | -€6 | -2.3% |
| Profit (loss) for the period | 9904 | -€83,478 | -€87,998 | -€4,520 | -5.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€83,478 | -€87,998 | -€4,520 | -5.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.